The Ministry of Company Affairs (MCA) has sent notices to all IPL franchisees, both old and new, asking them to furnish detailed company-related information. “We have sent notices to all the IPL franchisees to gather all corporate details and we are waiting for them to reply,” MCA secretary R Bandyopadhyay said here today on the sidelines of an interactive session with members of Bengal National Chamber of Commerce and Industry.
A period of 45 days is allowed to companies to reply, but extensions are given in the normal course.
There are 10 franchisees in the IPL, including Pune and Kochi which are new.
He said this was not an investigation but “a sort of inspection” with notices being sent to get more details than what were filed with the Registrar of Companies (RoC).
Why the Govt.is not assigning the task of investigation to the special purpose vechicle created for the purpose of investigation of corporate frauds namely SFIO.